What Is The Currency In Japan?
The currency in Japan is the Japanese Yen. The word Yen is said to essentially mean “round object” or “circle”, which dates back to when coins were the sole use when it came to currency. The Japanese Yen has the official currency code of JPY. Unsurprisingly, the Japanese Yen is one of the worlds most heavily traded currencies and is the most popular currency used in Asia. This has been highly attributed to Japan’s low-interest rates which when compared to other currencies such as the American Dollar and our own Australian Dollar is relatively low.
Being such a popular currency, getting your hands on Japanese Yen is relatively easy. Ranked as the tenth most popular tourist destination over the last 3 years, Japan is becoming more and more popular among us Aussies as a place to go on holiday. Getting your travel money sorted before you go away could make a huge difference in terms of how much spending money you end up in your back pocket. As a fairly well-developed country, you will be able to access ATM’s in cities and towns all across Japan, of which most will accept foreign bank debit cards or specific travel cards. It is important to note that a lot of these cards will charge you when it comes to using these machines, so we would recommend looking up or asking what the commission fees would be for making a cash withdrawal.
What Are The Japanese Yen Denominations?
One Japanese Yen can be sub-divided into 100 Sen. Japanese coins come in five different denominations of 500, 100, 50, 5 and 1 Yen. They are made from nickel, bronze, aluminium and brass. If you have any 1 Yen coins left over when you return back home, as a party trick you can show your friends and family that the 1 Yen coin surprisingly floats on water due to its lightweight aluminium properties.
As for banknotes, these come in denominations of 1,000, 2,000, 5,000 and 10,000. The 2,000 note is relatively rare and is not normally used in public transactions.
- The 1,000 Yen banknote is blue.
- The 5,000 Yen banknote is purple.
- The 10,000 Yen banknote is brown.
The Yen is considered as one of the hardest currencies to counterfeit due to each notes detailed depiction of varying landscapes and animals including Mount Fuji, Irises, mice, chicken, horses and lions. Each note has their value within the top left and right-hand corners making it easy to understand which note holds which value.
Order Your Japanese Yen Online Today
Here at Foreignxchange.com.au, we are dedicated to providing our customers with not just an excellent service but also with exceptional currency exchange rates. Which is why you should choose us today to get your AUD to JPY travel money sorted. You can buy foreign currency from us all at the click of a button, it really is that simple. Our easy to use, hassle-free currency exchange platform allows you to order your cash in a matter of minutes. Once ordered it will arrive on your doorstep in as little as five business days. We’re able to exchange currency in Sydney, Perth, Melbourne, Brisbane, Adelaide and all other areas right across Australia! Let us take care of your currency exchange before your next big trip and get your AUD converted into Japenese Yen today.